29. Of the following, which cost allocation method does not take into consideration that service centers provide services to each other?

Group of answer choices

reciprocal method

direct method

step method

two-step method

31. All of the following are objectives of product costing systems except?

Group of answer choices

To provide information for product pricing

To determine the optimal amount of products to manufacture

To assist in the preparation of financial statements

To provide information for cost planning

32. Of the following companies, which would most likely use job order costing instead of process costing?

Group of answer choices

manufacturer of baseball cards

manufacturer of potato chips

gasoline refinery

manufacturer of paper

manufacturer of clients' business cards

33. The dollar amount of the entry involved in the transfer of goods from work-in-process inventory to finished goods inventory in Job Order Costing is the total of the costs charged to all jobs

Group of answer choices

completed and sold during the period

completed during the period

started and completed during the period

started during the period

34. Some accountants feel the weighted average method of process costing is inferior to the FIFO method because it

Group of answer choices

is more difficult to apply

ignores work performed in subsequent periods

only considers the last units worked on

commingles costs of two periods